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GBPCHF: ⬆️ Buy
– GBPCHF reversed from support zone
– Likely to rise to resistance level 1.0750
GBPCHF currency pair recently reversed from the support zone between the strong long-term support level 1.0665 (which has been reversing the price from April) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the previous short-term ABC correction 2 from the end of September.
Given the bullish divergence on the daily Stochastic indicator, GBPCHF currency pair can be expected to rise to the next resistance level 1.0750.
Source: https://fxpro.news
